Whopping gain: Polymarket whale who bet on a Donald Trump victory in US elections rakes in $47 million in profit
Kamala Harris. Some Polymarket bidders bet millions on Trump, and even in the face of adversity, they did not call of their bets, and now after a thumping victory by Trump, it looks like these bets have earned bidders a lot of money.
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Polymarket whale makes millions from Trump victory
According to a NY Post report, a Polymarket whale, who had bet millions on a Trump victory, managed to rake in a massive profit of $47 million. The anonymous bettor, who goes by Théo, bet though four separate accounts, that ended up making massive money upon betting on Trump, along with bids on the Republican candidates in swing states.
Also Read: Donald Trump's next big move as President-elect — selecting his cabinet to execute his agenda; here are the names doing the rounds
Billions spent on US elections at Polymarket?
Reports suggest that there was $3.7 billion spent on placing bets around the US presidential election, the most of which was spent on Trump, rather than Harris, something that had become an election indicator in the last month before the elections.
Many are questioning the motives behind placing such multi-million bets in the Presidential elections, but the account owner is claiming that these were just good bets, and no motive or intent was behind any of the actions.
Finance
Financial Literacy i.e Lets Crack the Billionaire Code
By — CA Rahul Gupta, CA with 10+ years
